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Comex gold futures prices close higher
Comex gold futures prices closed higher and nearer the session high on Thursday supported by short covering and some fresh bargain hunting buying interest at lower price levels.

Rio Tinto, Chinalco Sign Agreement for Guinea Iron-Ore Project JV
Anglo-Australian mining giant Rio Tinto PLC and China’s state-owned Chalco Thursday have signed a binding agreement to establish a joint venture to operate an iron ore project in Guinea, in West Africa. The binding agreement followed the signing of a

Copper prices dip after 3-month high
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Dundee Precious Metals Reports Second Quarter 2010 Results
---------------------------------------------------------------------------- $ millions, except per share amounts Three Months Six Months ----------------------- ---------------------- Ended June 30, 2010 2009 2010 2009

First Bauxite Corporation Announces Positive Feasibility Study Results for Its Bonasika Refractory Bauxite Project in Guyana
-- Target production of 100,000 tonnes of high quality sintered bauxite annually; -- Operations located 60 km from Georgetown, the capital of Guyana; -- Approximately, 7.5 million tonnes of Measured and Indicated mineral resources identified at Bonasika

Chinalco and Rio Tinto in joint venture
The giant Anglo-Australian miner, Rio Tinto, has agreed to a joint venture with Chinese firm, Chinalco. The formerly tense relationship between China's state-owned Chinalco and Rio has been set aside so an iron ore project can go ahead in Guinea, West

Rio Tinto finally goes into business with Chinalco.
The giant Anglo-Australian miner, Rio Tinto, has agreed to a joint venture with Chinese firm, Chinalco. The formerly tense relationship between China's state-owned Chinalco and Rio has been set aside so an iron ore project can go ahead in Guinea, West

WELDING ALUMINUM? IMPROVE YOUR PRODUCTIVITY WITH PULSED MIG
Pulsed MIG can often offer the appearance of TIG quicker and with less operator training. Nick Peterson Nick Peterson, Miller Electric Mfg. Co. 'Although there are some applications in which TIG will continue to be the preferred process (such as 22 ga

ALCOTEC OFFERS LARGE SELECTION OF ALUMINUM WELDING WIRE
AlcoTec package options include 1-lb, 5-lb, 16-lband 20-lb plastic spools, 16-lb. wire baskets, 50-lb AlumaPak Mini and 300-lb. AlumaPak drums and the Endless Drum Marathon Pak. AlcoTec Wire Corporation's (Traverse City, MI) state-of-the-art drawing and

Vale 2Q Profit Leaps As Iron Ore Price Doubles
(Updates with information on overseas sales and company news) RIO DE JANEIRO -(Dow Jones)- Brazil's Vale (VALE, VALE5.BR) reaped the rewards of a doubling in iron ore prices in the second quarter as steelmakers worldwide emerged from crisis, laying firm

Chinese steel prices scoot after a mild burst
The one week saga of steel price hike in China seems to be getting over, rather quickly than one would have thought. The climb down which commenced in re bars on July 27th and HRC prices started sliding on July 28th. It is noteworthy that the steel

(AMM) Labrador Iron Mines gets permits
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(AMM) Cliffs earnings up on iron ore, coal demand
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Chalco shares surge on Rio Tinto iron-ore deal
By , MarketWatch HONG KONG (MarketWatch) -- Shares of Aluminum Corp. of China soared in Shanghai and Hong Kong on Friday after the metals company announced a $1.35 billion agreement to buy a large stake in Rio Tinto's Simandou iron-ore project in Guinea.

Brazil miner Vale profit soars on new iron pricing
* Vale earnings soar on 344 pct on higher iron prices * Quarterly pricing system boosts revenues * Iron production up 32 pct over year earlier (Recasts, adds details, background) RIO DE JANEIRO, July 29 (Reuters) - Brazilian mining giant Vale's

POSCO SHARES TUMBLE IN S.KOREA ON EXPECTION OF STEEL PRICE CUT
Shares of POSCO (KSE:005490), South Korea's leading steelmaker, tumbled more than 3 percent Friday morning on growing speculation that it may cut steel prices amid government criticism that increased costs of raw materials are passed on to customers.

Chalco shares surge on Rio Tinto iron-ore deal
By , MarketWatch HONG KONG (MarketWatch) -- Shares of Aluminum Corp. of China soared in Shanghai and Hong Kong on Friday after the metals company announced a $1.35 billion agreement to buy a large stake in Rio Tinto's Simandou iron-ore project in Guinea.

Yeddyurappa bans iron ore exports from state
BANGALORE Chief Minister BS Yeddyurappa on Thursday announced a ban on export of iron ore from Karnataka , saying that it was the only way to stop illegal mining in the state. He also clamped a ban on transport of iron to other states. Yeddyurappa said

Toronto's main stock index climbed Thursday, boosted by robust earnings from Barrick Gold and Potash Corp, while insurers rose on optimism about pending new rules on capital levels.
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Chalco invests $1.35b in Rio's Simandou iron ore project in Guinea
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Chalco, Rio Tinto to sign agreement on Guinea project
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Gold firms as dip to 3-mth lows prompts buying
an ounce at 1515 GMT against $1,162.55 late in New York on Wednesday.

(AMM) Warehouses rein in aluminum incentives
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Anglo American: Minas Rio project faces major delays
Anglo American is today expected to announce a delay of as much as a year and a cost overrun of up to $500 million (R3.6 billion) at its Minas Rio iron-ore project, according to Sanford C Bernstein. 'We remain concerned that even after tomorrow's

(AMM) Century Aluminum slices Iceland output estimate
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XRF to acquire Sigma Group fusion flux, precious metals businesses
XRF Scientific Ltd will acquire the fusion flux and platinum manufacturing businesses from the Sigma Group of companies for $7 million in cash and shares. XRF says that in spite of the difficulties created by the global financial crisis, the Sigma

Latest mining news : Xstrata, Anglo American, Kazakhmys, Rio Tinto, Chinalco
Mining companies Xstrata and Anglo American are celebrating a raised mineral resource estimate at Chile’s third largest copper mine, Collahuasi in which both mining companies hold 44% stakes. The Measured, Indicated and Inferred Resource estimate is

Chalco Shares Rise on Guinea Iron Ore Stake Purchase
By Bloomberg News (Adds comments from Credit Suisse in sixth paragraph.) July 30 (Bloomberg) -- Aluminum Corp. of China Ltd., the nations biggest producer of the metal, rose the most in more than four months in Shanghai trading after agreeing to buy a

Chalco shares jump on Rio Tinto iron ore venture
HONG KONG, July 30 - Hong Kong- and Shanghai-listed shares of Aluminum Corp of China 2600.HK601600.SS jumped more than 4 percent on Friday after the company announced a new joint venture to develop iron ore in Africa with Rio Tinto RIO.AX. Chalco's Hong

Its 25 years since Panama ore carrier ran aground
the 29000-ton Panamanian-registered bulk carrier Kapodistrias ran aground on Thunderbolt Reef between 2pm and 3.30pm after leaving the Port Elizabeth harbour in perfect weather. As news of the disaster filtered through, crew members alleged there had